think that we are making really great progress...
when we are not.
Mark Perry shows U.S. our Christmas present.
His 1st chart has a minor little statistical problem, however.
Note that HIS charts starts at 400,000 new claims.
Note that Jim&CR shows U.S. that THAT number is where we appear to be stuck.
What Mark did NOT tell U.S. was that new claims MUST drop below 325,000 new claims BEFORE we will even begin to bring back to work the real unemployed - and that will take U.S. almost five (5) years to do it.
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Weekly Initial Unemployment Claims decline to 420,000
http://www.calculatedriskblog.com/2010/12/weekly-initial-unemployment-claims_16.html
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Initial unemployment claims drop 3,000 from last week
A new jobless claims report 3,000 fewer initial claims than last week, but an increase in continued unemployment claims
http://www.csmonitor.com/Business/Paper-Economy/2010/1216/Initial-unemployment-claims-drop-3-000-from-last-week
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